World View & Market Commentary. Forest first; Trees second. Focused on Real & Knowable facts that filter through the "experts" fluff and media hyperbole. Where we've been, what the future may hold and developing a better way forward.

Tuesday, August 17, 2010

What follows is the most coherent and honest assessment I have heard to date about the fundamental situation we are facing. Had he used the term “debt saturation,” it would have been perfect. Where he talks about “Keynesian Endpoint,” he is referring to the same thing that the “Chart of the Century” (Diminishing Productivity of Debt chart) shows:

Interview begins at about the 2.5 minute point…

Must point out that CNBS using 53% of debt to GDP is a LAUGH and a JOKE. Totally Pollyannaish and very unprofessional… Kyle didn't even have to talk about off book GSE debt or any other games being played besides Social Security.